IFA Promotion’s latest press campaign shrieks: “UK employees will miss out on a staggering 285m of tax breaks this year by failing to take advantage of employee share schemes.”While IFAP clearly does a lot of good work in selling the virtues of independent advice, the Diary thinks that blanket promotion of employee share schemes displays a distinct bout of short-term amnesia. As we are sure Rail- track employees will tell you, a tax break on b*gger all is still b*gger all.
This week Emma Lunn, freelance finance journalist
Whenever a fund management firm or an IFA business goes under the hammer, the first question on everybody’s lips is: “What’s it worth?”
Bradford & Bingley made a profit of 150m for the half-year, up 8 per cent from 139.4m in 2004.
Royal London says group total life and pension sales increased by 30 per cent to 115m in the first six months of this year. Subsidiary Scottish Life saw its business grow 31 per cent to 97m in APE terms. Protection arm Bright Grey’s business rose by 18 per cent to 11m while Scottish Life International’s […]
Robin Geffen, Fund Manager and CEO Are you taking enough risk? Robin Geffen, Founder of Neptune and Manager of the top performing Global Alpha Fund, discusses the importance of accepting enough volatility in planning for retirement. Click here to read the full article Important information Investment risks The value of an investment and any income from […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]